Jan 31 2011
Research and Markets has released a report on “Growth Opportunities in Wind Operation and Maintenance Service Market 2011-2016”. Wind energy, a high speed growth achieving energy sector, has generated a lot of interest in the maintenance service operations for wind turbines.
This market has been controlled by the manufacturers of the original equipments. But as the market advances and demand for maintenance services exceeds the supply, a strong swing by OEMs towards third party contracts can be expected leading to the increase of Independent Service Providers (ISP).
A detailed analysis of both the regional and global wind O&M markets and with it the market size for the major components such as generators, gearbox and wind blades are presented in the report. Recommendations and strategic insights to handle the challenges faced by the market would be very helpful for all the players in the wind energy sector. The prime markets for Wind O&M would be in China and in the US where wind energy is expected to show a robust growth during the coming five years. Europe with its aging wind turbines would also have a strong Wind O&M market. Lucintel reveals that the worldwide wind O&M market would reach around $10.6 billion by the year 2016. The coming five year period would see a 16.6% growth per year.
All valuable tools and information required for operating a successful business in the wind O&M market are published in the report from Lucintel, as the current global economy is such that to be ahead in business every advantage that is available must be made use of. The report gives insights into the future and current trends, explores the future options available for the wind O&M market and identifies the key players. Prior to making any strategic or business or investment decisions, accurate and timely information is a must, which is provided by this market report. It acts as a reference guide for O&M service providers, Energy Utility companies, Wind farm Operators, researchers, Investors, distributors and engineers to name a few, who actively participate in the wind energy sector.
It includes historic data for the period 2005 to 2010 and also predictions from 2011 to 2016 along with present day market trends and forecasts for key regions such as Asia Pacific, North America, Europe and so on. Forecasts based on type of services ie in-house, ISPs and OEMs are also given. Also mentioned are typical wind O&M operations for Components 1, 2 and 3. The challenges and opportunities faced by the ISPs, OEMs and the in-house services are also presented. Future requirements of the O&M industry are given along with recommendations for all types of service providers.
This evaluation is primarily meant for parts fabricators, OEMs, material suppliers, consultants, executives and investors. It could be used by either small or multi-national Fortune 500 firms for determining the trend and size of the market; for making competitive analysis and business presentations; for conducting Personnel training and developing the business as a tool for strategy planning, budgeting and for making investment decisions.